MLG Wealth Management DBA Pine Grove Financial Group Cuts Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

MLG Wealth Management DBA Pine Grove Financial Group cut its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 89.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,716 shares of the company’s stock after selling 55,148 shares during the quarter. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advocate Investing Services LLC acquired a new stake in iShares MSCI USA Quality Factor ETF in the 4th quarter valued at about $25,000. Resources Management Corp CT ADV acquired a new position in shares of iShares MSCI USA Quality Factor ETF during the 4th quarter worth approximately $27,000. Financial Life Planners purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the first quarter valued at approximately $28,000. Cornerstone Financial Management LLC purchased a new stake in shares of iShares MSCI USA Quality Factor ETF in the fourth quarter valued at approximately $30,000. Finally, Godsey & Gibb Inc. increased its holdings in shares of iShares MSCI USA Quality Factor ETF by 69.8% in the first quarter. Godsey & Gibb Inc. now owns 163 shares of the company’s stock valued at $31,000 after purchasing an additional 67 shares during the last quarter.

iShares MSCI USA Quality Factor ETF Stock Performance

Shares of iShares MSCI USA Quality Factor ETF stock opened at $222.58 on Tuesday. iShares MSCI USA Quality Factor ETF has a one year low of $185.88 and a one year high of $227.32. The company has a market cap of $64.54 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. The business’s 50 day moving average price is $221.23 and its 200 day moving average price is $211.27.

iShares MSCI USA Quality Factor ETF Profile

The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.